Extra General Meeting, November 28, 2011
Decisions of the EGM (Stock Release on November 28, 2011)
Notice of the EGM (Stock Release on November 7, 2011)
Annual General Meeting 2011
Decisions of the AGM 2011 (Stock Release on April 6, 2011)
Notice of the AGM 2011 (Stock Release on March 15,2011)
Authorizations to the Board
The AGM gave the following authorizations to the Board:
1. The Board was authorized to decide on the repurchase and transfer of the company's own shares in one or several lots on the following terms:
A maximum total of 1,000,000 company's own shares (corresponding to about 4.43% of the total number of the company's shares) may be purchased based on the authorization, however observing the provisions of the Finnish Companies Act on the maximum number of treasury shares held by a company at any given time. The authorization includes the right to acquire the shares otherwise than in proportion to the holdings of the shareholders, as well as the right to decide on all of the other terms and conditions of the share repurchase.
The Board of Directors is authorized to decide on transferring of the company's own shares against payment or without consideration. Based on this authorization, the Board is authorized to transfer the shares in deviation from the shareholders' pre-emptive rights subject to the provisions of the applicable law. The shares may be transferred as a consideration to finance acquisitions or in other arrangements or used as part of the equity-based incentive systems as decided by the Board of Directors. The Board of Directors shall also have the right to sell the shares through public trading, as well as the right to decide on all other matters related to a transfer of own shares.
The authorization will remain valid until the following Annual General Meeting but not longer than until April 30, 2012.
2. The Board was authorized to decide on a share issue. The amount of shares to be issued based on this authorization shall not exceed 4,500,000 new shares, waiving the shareholders' pre-emptive rights as per the conditions set forth in the Finnish Companies Act.
The authorization can be used, for example, when issuing new shares or when transferring shares in cases of financing acquisitions or arrangements, financing investments, developing the company's capital structure or in case of other business development.
The authorization will remain valid until the following Annual General Meeting but not longer than until April 30, 2012.
3. The Board was authorized to decide on distribution of additional dividend and/or distribution of the non-restricted equity fund for a total of up to 18,000,000 euros. The funds can be distributed in one or several lots either from the retained earnings or from the non-restricted equity fund. The authorization includes the Board's right to decide on all other facts related to the distribution of funds. The authorization will remain valid until the following Annual General Meeting.
At the end of June, the Board decided to pay additional dividend according to this authorization. See the stock exchange release of June 28.
Annual general meeting 2010 on April 8, 2010
Decisions of the AGM 2010 (Stock Release on April 8, 2010)
Notice to the annual general meeting (Stock Release on March 16, 2010)
Annual general meeting 2009 on March 18, 2009
Decisions of the AGM 2009 (Stock Release on March 18, 2009)
Notice of the AGM 2009 (Stock Release on February 25, 2009)
Annual General Meeting 2008 on March 19, 2008
Decisions of the AGM 2008 (Stock Release on March 19, 2008)
Notice of the AGM 2008 (Stock Release of February 25, 2008)
Annual General Meeting 2007 on March 15, 2007
Decisions of the AGM 2007 (Stock release of March 15, 2007)
Notice of the AGM 2007 (Stock release of February 16, 2007)